Tuesday, December 11, 2012

Nifty and bank nifty trading levels.

Nifty trading on Tuesday

Today nifty traded in tight range with negative bias and closed just below the 5900 levels. volume was increased compared to previous trade. Market breath was negatuve with 17 advances and 33 declines . Fii’s were net buyers for 1309.88 crores. Dii’s were net sellers for 1028.34 crores.

Nifty trading on Wednesday

Global cues will lead the market on Wednesday. Trading with strict stop loss and sticking to levels is suggested. Book profits with trailing stoploss.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy above 5900 5932 5960 5991 5880
Sell below 5880 5850 5825 5800 5880

Bank Nifty trading on Tuesday

Today bank nifty traded in a tight range with negative bias and closed below the 12,400 levels. Volume was increased previous trade. Market breadth was positive with 1 advance and 11 declines.

Bank Nifty trading on Wednessday

Cautious trading at higher levels is advised. Trading with strict stop loss and sticking to levels is suggested. Book profits with trailing stoploss.

Intraday trading tips-Banknifty

Calls Target 1 Target 2 Target 3 stoploss
Buy above 12,428 12,494 12,572 12,650 12,330
Sell below 12,330 12,226 12,158 12,053 12,428

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